If you have already benefited from the immediate tax deductions offered by donor-advised funds (DAFs), you should know that the University of Arizona Foundation is an IRS-qualified public charity, and therefore eligible to receive contributions from your gift fund. Please follow the instructions provided by your fund regarding minimum contribution, the process for recommending grants, etc.
The University of Arizona Foundation’s tax ID number is: 86-6050388. Please make checks payable to University of Arizona Foundation and mail to the following address:
Please note the gift designation(s) with the name and ID number in your fund request. Use the Giving Search to find the details of the gift designation or email email@example.com for assistance.
What is a Donor-Advised Fund?
A donor-advised fund (DAF) is a philanthropic vehicle established at a public charity that allows donors to make a charitable contribution, receive an immediate tax benefit and then recommend grants from the fund to public charities of their choice over time.
A DAF distribution is subject to IRS charitable contribution restrictions. A recommendation for a distribution from a DAF will likely not be approved by the sponsoring organization if any portion of the gift will be used to provide more than incidental benefits. For instance, DAF gifts cannot be used to pay for tickets to a fundraising event, gala dinner or golf tournament.
How Does it Work?
1. Establish your DAF by making an irrevocable, tax-deductible donation to a public charity that sponsors a DAF program.
2. Advise the investment allocation of the donated assets (any investment growth is tax-free).
3. Recommend grants to qualified public charities of your choice.
For questions about making your donor-advised-fund gift, please contact firstname.lastname@example.org.